World History

As the economic aspect of state absolutism, mercantilism was of necessity a system of state-building, of big government, of heavy royal expenditure

"I ought to exercise my talents for the benefit of others; but that exercise must be the fruit of my own conviction; no man must attempt to press me into the service."

Social cooperation among men — and this means the market — is what brings about civilization and it is what has brought about all the improvements in human conditions we are enjoying today.

While Montaigne paved the way for the dominance of absolutist thought in France, surely the founder or at least the locus classicus of 16th-century

The percolation of ideas is an endlessly fascinating topic, and Margit von Mises adds scores of detail that will enable her readers to track the penetration of Mises's philosophy to the most unlikely places.

We, this satirical and heretical dystopian futurist book, ends by resolving whether or not the protagonist can find penultimate happiness in the co

It is a favorite conceit of modern, 20th-century liberals that skepticism, the attitude that nothing can really be known as the truth, is the best

He could not see also that these producers did not create such needs, but instead were fulfilling them and thereby removing the want and pain of their customers and adding to their happiness and standard of living. If he had gone that far, he would have realized the nonsense of his dog-eat-dog, or what would now be called his "zero-sum-game" view of the marketplace.

China in the formative centuries developed protoanarchistic ideas. The total, unsystematic application of those ideas created a system as rigid, as formalistic and tyrannical, as any we have today.

From Part I of A History of Money and Banking in the United States: The Colonial Era to World War II: “The History of Money and Bank